KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Shares Up 0.5% – Should You Buy?

Shares of KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) traded up 0.5% during trading on Monday . The stock traded as high as $38.06 and last traded at $38.01. 27,967 shares traded hands during trading, a decline of 9% from the average session volume of 30,718 shares. The stock had previously closed at $37.81.

KraneShares Electric Vehicles and Future Mobility Index ETF Trading Up 0.5%

The firm has a market cap of $102.63 million, a price-to-earnings ratio of 17.78 and a beta of 1.10. The stock’s 50 day moving average is $33.54 and its 200 day moving average is $32.13.

Institutional Investors Weigh In On KraneShares Electric Vehicles and Future Mobility Index ETF

A number of institutional investors have recently made changes to their positions in KARS. Jane Street Group LLC increased its stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF by 100.9% during the first quarter. Jane Street Group LLC now owns 61,567 shares of the company’s stock worth $1,307,000 after purchasing an additional 30,927 shares during the period. Raymond James Financial Inc. bought a new stake in KraneShares Electric Vehicles and Future Mobility Index ETF in the 2nd quarter valued at $53,000. Q3 Asset Management acquired a new position in KraneShares Electric Vehicles and Future Mobility Index ETF in the 3rd quarter valued at $1,075,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in KraneShares Electric Vehicles and Future Mobility Index ETF in the 3rd quarter valued at $114,000. Finally, JPL Wealth Management LLC bought a new position in KraneShares Electric Vehicles and Future Mobility Index ETF during the 3rd quarter worth $34,000.

About KraneShares Electric Vehicles and Future Mobility Index ETF

The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a modified market-cap-weighted index of stocks that are involved in the production of electric vehicles or other initiatives that may enhance future mobility. KARS was launched on Jan 18, 2018 and is managed by KraneShares.